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CNBC
5 days ago
- Business
- CNBC
S&P 500 futures are little changed after benchmark notches another all-time high: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) on August 12, 2025 in New York City. Spencer Platt | Getty Images S&P 500 futures are near flat Thursday night following the benchmark index's third straight record close. Futures tied to the benchmark index ticked down 0.1%, while Nasdaq 100 futures shed 0.2%. Dow Jones Industrial Average futures rose 131 points, or 0.3%. UnitedHealth rallied more than 9% after Warren Buffett's Berkshire Hathaway and Michael Burry's Scion Asset Management announced positions in the insurer. Intel popped more than 3% following a Bloomberg report that the Trump administration is in discussions to have the U.S. government take a stake. Thursday night's action comes after the S&P 500 was able to set a fresh all-time closing high with a narrow gain. The Dow and Nasdaq Composite , on the other hand, fell marginally in the session. Stocks were largely able to erase losses seen earlier in the session after July's producer price index came in hotter than expected. That threw some cold water on the investor euphoria that followed the consumer price index earlier in the week. "I don't think that one data point is enough to change a thesis around the trajectory of inflation," said Tom Lee, head of research at Fundstrat Global Advisors. "Our base case remains that this is going to ultimately be viewed as transitory by the market." The Dow has led the way this week, rising 1.7% week to date. The S&P 500 and Nasdaq have each added around 1.2%. Small caps have outperformed, with the Russell 2000 climbing more than 3%. Investors on Friday will monitor economic data on import prices, consumer sentiment and retail sales. S&P 500 futures were little changed shortly after 6 p.m. ET. Dow futures rose 0.3%, while Nasdaq 100 futures ticked down 0.2%. — Alex Harring
CNBC
6 days ago
- Business
- CNBC
Stock futures are little changed as investors await more inflation data: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) on August 12, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images Stock futures were relatively unchanged on Wednesday after the S&P 500 and Nasdaq Composite rallied to new records and as investors gear up for more data to assess the state of the U.S. economy. S&P 500 futures traded around the flatline, as did Nasdaq 100 futures . Futures tied to the Dow Jones Industrial Average were also flat. The moves come after a winning day on Wall Street, with the S&P 500 and Nasdaq reaching new intraday and closing record highs on Wednesday for the second day in a row. Both indexes finished the session with a gain of 0.32% and 0.14%, respectively. The Dow Jones Industrial Average also rose 463.66 points, or 1.04%. Tuesday's session had returned the broad market S&P 500 and the tech-heavy Nasdaq to record territory on the back of a cooler-than-expected inflation report for July. That report stoked hopes among investors for a rate cut from the Federal Reserve at the end of its September policy meeting. More economic data releases are on the docket for Thursday. July's producer price index reading – as well as jobless claims data for the week ended Aug. 9 – is slated for release at 8:30 a.m. ET. Economists polled by Dow Jones are expecting the measure of wholesale prices to show a 0.2% rise on the month. The index had come in flat in June. "After yesterday's 'not as bad as it could have been' July Consumer Price Index report, the equity markets are now in full 'easing expectation' mode," said CFRA Research's chief investment strategist Sam Stovall. "Even though Thursday's Producer Price Index (PPI) is projected to show increases on a month-over-month (M/M) and year-over-year (Y/Y) basis, we think investors will overlook them." Meanwhile, in extended trading Wednesday, shares of Cisco dropped more than 2% after the major tech company's fourth-quarter results narrowly beat expectations. Other names like agricultural equipment company Deere and Coach owner Tapestry are due to release their latest quarterly results before the bell Thursday. U.S. stock futures traded just below the flatline on Wednesday evening. S&P 500 futures fell 0.1% shortly after 6 p.m. ET, along with Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average lost 36 points, or about 0.1%. — Sean Conlon
CNBC
7 days ago
- Business
- CNBC
European stocks poised to extend gains after Wall Street's record highs
Traders work on the floor of the New York Stock Exchange on Aug. 12, 2025. Spencer Platt | Getty Images It isn't just stocks in Europe that are on the rise. Overnight in Asia, shares have been rallying, with Japan's Nikkei 225 hitting an all-time high and Hong Kong's Hang Seng Tech Index — home to some of China's biggest tech firms — adding more than 2%. That followed a session on Wall Street that saw both the S&P 500 and the Nasdaq Composite hit record highs, as U.S. inflation data raised markets' expectations of a rate cut from the Federal Reserve. — Chloe Taylor The U.K.'s Met Office forecasts another public health warning for temperatures reaching 34 degrees Celsius in London, as members of the public cross Westminster Briidge, on Aug. 12 2025. Richard Baker | In Pictures | Getty Images Good morning from London, where more sweltering weather is on its way. Stocks are also looking set to heat up somewhat, with futures tied to the FTSE 100 last seen trading 0.2% higher. Those tied to the German DAX are 0.5% higher, while futures tied to the French CAC 40 are up by 0.4%. — Chloe Taylor
CNBC
01-08-2025
- Business
- CNBC
Dow tumbles more than 500 points as weak jobs data, new tariffs spark sell-off: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) on July 30, 2025 in New York City. Spencer Platt | Getty Images Stocks were under pressure on Friday to kick off August trading as investors weighed stark signs of a weakening economy and President Donald Trump's modified tariff rates. The Dow Jones Industrial Average dropped 583 points, or 1.3%. The S&P 500 shed 1.5%, while the Nasdaq Composite dipped 1.9%. The July jobs report showed nonfarm payrolls expanded by 73,000 last month, well beneath the consensus estimate from economists polled by Dow Jones that called for a 100,000 increase to payrolls. Prior months were significantly revised down. June job growth totaled just 14,000, down from 147,000. The May count came down to 19,000 from 125,000, signaling the labor market has been weakening for a while now. Bank stocks were sharply lower on fears that a slowing economy could hit loan growth. Shares of JPMorgan Chase pulled back about 4%, while Bank of America and Wells Fargo fell more than 3% each. GE Aerospace and Caterpillar dipped 3%. "This gives the fed the ammunition it needs now to cut in September, but unfortunately now it looks too little too late," said Jay Woods, chief global strategist at Freedom Capital Markets. The numbers increased the odds that the Fed could act sooner than expected to cut rates and prop up the economy, a notion that helped stem stock losses. Traders place the likelihood of a September rate cut at 66% after the jobs figures, according to CME fed futures trading. That's a reversal from Wednesday, when the odds plummeted after Fed Chair Jerome Powell signaled the central bank needs to wait and evaluate the impact of tariffs on inflation before cutting. Not helping sentiment overnight were Trump's updated duties ranging from 10% to 41% overnight at the Aug. 1 deadline. Goods that have been transshipped in a bid to avoid the tariffs will face another 40% levy, according to the White House. Probably most shocking to markets was that for Canada, one of the U.S.' biggest trading partners, goods imported into the country will now have a 35% levy, up from 25%. "While investors have been viewing the commencement of the Fed cutting cycle as a positive catalyst for risk assets, today's release is best characterized as 'bad news is bad news' in our view. With job creation at stall speed levels and the tariff headwind lying ahead, there's a strong possibility of a negative payroll print in the coming months which may conjure up fears of a recession," Jeffrey Schulze, head of economic and market strategy at ClearBridge Investments. Shares of Amazon tumbled more than 7% after the e-commerce giant provided light operating income guidance for the current quarter. Not all tech news was bad as Apple shares jumped 2% on the back of an earnings and revenue beat. Stocks are coming off of a lackluster trading session, which saw the S&P 500 notch its third straight losing day as solid earnings from Microsoft and Meta Platforms failed to lift the broader market. Both the S&P 500 and Nasdaq had hit intraday records earlier in the session until the tech-fueled rally fizzled.
Toronto Sun
31-07-2025
- Toronto Sun
New York City gunman bought rifle from his boss in Las Vegas
In a note found on his body, Shane Tamura assailed the NFL's handling of concerns about chronic traumatic encephalopathy. Published Jul 30, 2025 • 4 minute read A New York Police Department officer stands in front of a bullet-shattered building window at 345 Park Avenue after a gunman killed four people before turning the gun on himself on Monday evening in New York City, Tuesday, July 29, 2025. Photo by Spencer Platt / Getty Images NEW YORK — A man who killed four people at a Manhattan office building bought the rifle he used in the attack and the car he drove across country from his supervisor at a Las Vegas casino, authorities said Wednesday. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Shane Tamura, 27, fatally shot three people Monday in the building lobby before taking an elevator to the 33rd floor, killing a fourth victim and then ending his own life, according to police. The building housed the National Football League's headquarters and other corporate offices. In a note found on his body, Tamura assailed the NFL's handling of concerns about chronic traumatic encephalopathy, and the former high school football player claimed he himself had the degenerative brain disease, according to police. Known as CTE, it has been linked to concussions and other head trauma. At Tamura's Las Vegas studio apartment, investigators found a note with a different troubled message, police said Wednesday. They said the note expressed a feeling that his parents were disappointed in him and included an apology to his mother. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Police said they also found a psychiatric medication, an epilepsy drug and an anti-inflammatory that had been prescribed to Tamura. Investigating his movements as well as his mindset, detectives learned that he purchased the rifle and car from his supervisor at a job in the surveillance department at the Horseshoe Las Vegas, the New York Police Department said. The supervisor legally bought the AR-15-style rifle he sold to Tamura for $1,400, police said, adding that they had erred in saying earlier that the supervisor supplied only parts of the rifle. It wasn't immediately clear whether the gun sale was legal. Police didn't identify the supervisor, who has been forthcoming with them and hasn't been charged with any crimes. Tamura had alluded to him, apologetically, in the note found in the gunman's wallet after the rampage, police said. This advertisement has not loaded yet, but your article continues below. As investigators worked in both New York and Las Vegas, one of the victims, real estate firm worker Julia Hyman, was buried after a packed, emotional Wednesday service at a Manhattan synagogue. Her uncle, Rob Pittman, said the 27-year-old lived 'with wide open eyes' and 'courage and conviction.' Hyman had worked since November at Rudin Management, which owns the building and has offices on the 33rd floor. A 2020 graduate of Cornell University, she had been the captain of Riverdale Country School's soccer, swimming and lacrosse teams in her senior year, school officials said. Relatives and colleagues of another victim, security guard Aland Etienne, remembered him at a gathering at his union's office. The unarmed Etienne, who leaves a wife and two children, was shot as he manned the lobby security desk. This advertisement has not loaded yet, but your article continues below. 'We lost a hero,' younger brother Smith Etienne said. 'He didn't wear no cape. Had no fancy gear. He wore a security officer's uniform.' Police were preparing for a funeral Thursday for Officer Didarul Islam. A member of the force for over three years, he was killed while working, in uniform, at a department-approved second job providing security for the building. Funeral arrangements for Etienne and the fourth victim, investment firm executive Wesley LePatner, haven't been made public. An NFL employee who was badly wounded in the attack is expected to survive. Detectives scour for clues in Las Vegas Teams of New York City detectives continued working Wednesday in Las Vegas, where they had a warrant to search Tamura's locker at the Horseshoe casino and were awaiting warrants to search his phone and laptop, police said. They also planned to speak to his parents. This advertisement has not loaded yet, but your article continues below. Besides the note and medication at his apartment, they found a tripod for his rifle, a box for a revolver that was found in his car in New York, and ammunition for both guns, the police department said. Police have said Tamura had a history of mental illness, but they haven't given detail. In September 2023, he was arrested on a misdemeanor trespassing charge after allegedly being told to leave a suburban Las Vegas casino and becoming agitated at being asked for his ID. Prosecutors later dismissed the case. His psychiatric history would not have prevented him from legally purchasing the revolver just last month. Nevada is among 21 states with a red-flag law that allows for weapons to be taken from people if courts determine they pose a risk to themselves or others. First, relatives or law enforcement must seek a so-called extreme risk protection order. A new state law, effective this month, also lets officers confiscate firearms in the immediate vicinity of someone placed on a mental health crisis hold. 'These laws only work if someone makes use of them,' said Lindsay Nichols, policy director of the Giffords Law Center to Prevent Gun Violence. — Collins reported from Hartford, Connecticut. Contributing were Associated Press writers Philip Marcelo in East Meadow, New York, and Jim Mustian in New York City. Celebrity MLB Canada Opinion Columnists
